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20121227
20121227
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. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you had a terrible case of a cancer patient in acute pain, and your diagnosis was, the person is experiencing a pain crisis. it wouldn't be useful. debt is a symptom of 2008, to be precise. it is what happens when a financial implosion begins on wall street, and then all sorts of dark forces break out, break loose, and they start dismantling the economic and social fabric of the world. these awful events happen once every hundred years
silence except for the television. it is america's biggest problem. and on that cheerful note, thank you very much. [applause] >> next, and to raise with to retiring members of congress. dan burton of indiana talks about his 30 years in congress. followed by senator kent conrad on his 26-year career. and a discussion on corporations and stock values. dan burton is retiring from the house this year after 30 years in office. the 15-term congressman represents the fifth district in east central indiana which includes parts of indianapolis and the surrounding suburbs. earlier he talked with c-span about his past investigations of the collective demonstration and the oversight ruled congress. this is 30 minutes. as you exit the institution how would you say it stated? >> it has changed a great deal. it is not the same as when i came 1983. there seemed to be more comedy. tip o'neill was speaker. i will never forget he was the first time he was on the floor raising cane with democrats. he had someone take his place and he came down and started giving me the dickens. after that we bec
to strengthening america's future through education. adcasting, dedicated to strengthening america's future and contributions to your pbs station, from viewers like you. in the neighbourhood ♪ and contributions to your pbs station, ♪ a beautiful day for a neighbour ♪ ♪ would you be mine? ♪ could you be mine? ♪ won't you be my neighbour? - ♪ it's daniel tiger's neighborhood ♪ ♪ a land of make-believe ♪ won't you ride along with me? ♪ - ♪ ride along - ♪ it's daniel tiger's neighborhood ♪ ♪ so much to do, so much to see ♪ ♪ won't you ride along with me? ♪ - ♪ ride along - ♪ i've got lots of friends for you to meet ♪ ♪ in this land of make-believe ♪ a friendly face on every street ♪ just waiting to greet you ♪ it's a beautiful day in the neighbourhood ♪ ♪ a beautiful day for a neighbour ♪ ♪ in daniel tiger's neighborhood! ♪ - hi, neighbour! come on in! i can't wait to go play at jungle beach today! and... prince wednesday's here! - hello, hello, hello. it's me, prince wednesday. i have my royal pail, and i have my royal shovel, and i'm
and it was reported in the airplane today that america will reach the debt limit on december 31st. that needs to be dealt with to maintain the credit worthiness of this nation to give competence to our economy. in addition that, there is much other business to do. over the past several weeks, they said that the house would do the work necessary to finish the items we need to get done by the end of the year. they are having a discussion on that at 2:30 on the call as we concluded and i speak for myself that we must come back as soon as possible we have to be sure to address the legislation that is pending in this congress. congress which i believe has been the least. >> speaking and saying hey, they have to come back as soon as possible. america will reach the debt limit by december 31st. we will keep an eye on that and if it makes news, we will bring it to you. i want to get back down to terry. the example i was talking about that you gave us, a married couple and two kids, combined annual income of $250,000 a year. when the tax hike hits, their two-week take home shrinks by $600. many of the
america ease its enormous debt. and we're learning how north korea deceived the world, to launch a rocket with the ability to strike the u.s. wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> on the surface, you might think there's new movement toward avoiding the fiscal cliff that starts making an impact just five days from now. president obama is back in washington and plans to meet with congressional leaders tomorrow. and house members have been told to return to the capital sunday. but there's still no evidence this standoff is anywhere close to being resolved. here's our cnn senior congressional correspondent, dana bash. >> reporter: and candy, you know that even speaks to what is going on here, which is virtually nothing. jessica yellin reported in the last hour that our ted barrett, our senate producer, saw harry reid go into mitch mcconnell's office. well, it turns out that reid walked back out, and told ted barrett that they did not talk about the fiscal cliff at all. that sort of defies logic, but so it goes, that's what he said. and it sort of speaks t
, right, carl? >> at the nasdaq, iraq and afghanistan, veterans of america, a non-profit organization with more than 200,000 members. great to see them today as well. a lot of charity this morning, even on the general news morning shows about facebook. if you haven't heard already, randi zuckerberg posted a pitch of her family, thought it was private, somebody saw it on their feed, put it on twitter, she responded angrily saying it was way uncool and beyond human decency and it has raised, once again this argument, debate about privacy settings and whether or not you should trust social media in general, dennis. >> a big lead-in there such a powerful medium. seeing it, of course, by this very example. right now, people, they don't feel comforcomfortable. but compelled to do it any watch behavior, as much as people talk about they don't like it, people use it putting more and more information online via social networks. i think there's a strange dichotomy about what we think we want and what we actually do. for most people, they don't square but doesn't matter. >> all would be academic
. and people have been saying right now that america needs to do what britain has been doing. and maybe there's a case for that. but nonetheless, if britain has a parliamentary system, we have a very different kind of political system. so america isn't going to rewrite itself just to adapt to this particular political situation. but look, something has changed in the politics of america. right now, george h.w. bush is very ill. he may pass on in the next couple of weeks or so. when he does, that will be the passing of the last truly national president. look at how he was elected in 1998. he won traditionally democratic as well as republican states. he was a moderate guy, a war hero. he was respected by people across the aisle. that was the last time in history you'll see that. >> that it is, president obama got a lot of votes in 2008 by a lot of votes that were not just -- >> that is so. but clinton did quite well but only because ross perot was running. very complicated. in terms of it being a national figure, someone reaching across the aisle, you haven't seen that. one of the things that h
Search Results 0 to 6 of about 7